Breakout Identified in EURJPY
Signal ID: 73955
Time Issued: Wednesday, 11 November 2020 07:06:15 GMT
Entry: 124.438 – 124.742
Stop Loss: 124.101
The Breakout Opportunities system has just bought EURJPY at 124.554. The system recommends entering this trade at any price between 124.438 and 124.742. The signal was issued because the EURJPY has broken its 24-hour high while our Speculative Sentiment Index was at -1.323, suggesting that the EURJPY may have further to rise. A stop loss has been set at the 24-hour low of 124.092 and a profit target has been set at the 1 Day ATR level at 125.304. The system will move the stop to the next 24-hour low every time that 24-hour low is higher than the previous 24-hour low. Breakout Opportunities is a breakout strategy that aims to catch the significant moves that typically happen when currencies break through technical support or resistance.